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Categories
In DRIP Wizard, all
companies are assigned a Category. This can
help you keep a well-balanced, diversified portfolio.
As a default, there are
twelve built-in Categories. These are relatively standard in
investment circles. They include: Capital Goods, Consumer
Cyclical, Energy, Healthcare, . . . Whenever you add a stock from
the DRIP Company Search feature, they will automatically be assigned the
appropriate Category.
You may use these
built-in Categories for your stocks, or you can easily customize the list
of Categories. For instance, you may want to classify all of your
investments into four Categories (Healthcare, Technology, Utilities,
Other).
However you choose to
categorize your stocks, you can set target
percentages for each Category. In the example above, you may
want 25% in Healthcare, 20% in Technology, 10% in Utilities, and 35% in
Other.
After a minute or two of
set-up, DRIP Wizard will use the information to help you keep track of
the diversification of your investment portfolio. This is key to any
good investment strategy.
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